RasGas in Talks with Kuwait Petroleum for 5-years LNG Deal

Source: Reuters 1/14/2009, Location: Middle East

Qatar's RasGas is in talks with Kuwait Petroleum Corporation for a five-year deal to supply liquefied natural gas (LNG), and will ship six additional cargoes to India, the firm's managing director said.

"Currently, we are in discussions with Kuwait for a mid-term (LNG supply) contract. It is for summer supplies," Hamad Rashid Al-Mohannadi told Reuters on the sidelines of the Petrotech conference.

He said the deal, in which RasGas may supply 1.4 million tonnes a year, was likely to be finalised soon.

"We expect to begin supplies from the middle of this year and we hope to conclude talks in the first quarter," he said. Qatar's oil minister, Abdullah al-Attiyah, said energy projects in the world's largest exporter of LNG would not be delayed despite economic uncertainty.

Attiyah said the Ras Laffan ethylene cracker would come online in the middle of 2009.

He said Rasgas 2, Qatar's largest LNG project, would start operations from train 1 in a few weeks and would produce 7.8 million tonnes a year.

LNG production in Qatar, which has the world's third-largest gas reserves, is split between two companies, RasGas and Qatargas, both majority owned by state oil firm Qatar Petroleum.

Mohannadi said Qatar would supply India's Petronet LNG with six additional cargoes this year.


France >>  7/21/2021 - TotalEnergies and Technip Energies signed a Technical Cooperation Agreement to jointly develop low-carbon solutions for Liquefied Natural Gas (LNG) pr...
Norway >>  7/6/2021 - Norske Shell is using Kongsberg Digital’s digital twin solution Kognitwin® Energy to create a virtual representation of their Ormen Lange deepwater ga...

Canada >>  7/2/2021 - Pieridae Energy Limited released the following statement from Chief Executive Officer Alfred Sorensen with respect to a future path for the Company’s ...
United States >>  6/25/2021 - The Alaska Gasline Development Corp. (AGDC) released an updated $38.7 billion cost estimate for the Alaska LNG Project, which will increase the projec...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.